Projects to plug and abandon wells typically don’t get the same attention as new well construction. At the end of their lives wells represent nothing more than risk, cost and liability. With increasing regulation and public scrutiny it is vital not to lose focus. With many abandonments requiring expensive rig operations and the liability for the well remaining with the operator, it is important to apply the same level of rigour to the end of well life as to well construction.
The opportunity to plug and abandon wells may arise when rig rates are low, yet the long-term liability to safely dispose of wells survives all business cycles. Although legislation and processes vary, regulations and industry guidelines stipulate minimum P&A criteria. Failure means costly work will need to be repeated and may incur other penalties. Old leaking wells are bad for the environment and bad for business.
Regulation and the risks of failure demand the right tools for your P&A projects. You can use Eikos software to design, implement and optimise the P&A process the same way you have done for well construction.
In advance of your P&A campaign use Eikos to: